GS also pumped AMZN in the high $300 PRIOR to the big plunge below $300. They are definitely the kiss of death when it comes to investment research.
My company (a Fortune 100) is slowly converting us over to iPhone6 from iPhone5! By year end, we will all have iPhone6!
Buying WYNN is a pure contrarian play just as I have when I bought APPL two years ago when analysts were bashing them and nobody wanted APPL. Wynn has great growth and income potential. It's a leader in its industry.
As for Macau, that's old news. Does anyone really expect the torrid growth rate will last indefinitely?! NO! This is the new "normal". Analyst will have to adjust their estimates accordingly. Fact is, Macau is still growing but it's not growing as fast as expected. Whoopeedo! The stock prices among the gaming industry is already "priced in". Analysts, as usual, is always late to the party with their upgrade/downgrades. They are nothing more than sheeps!
As for the boardroom "fiasco", those are nothing but "noises". Right now, the industry is out of favor and money is moving to other sector play. With the dividend yield at this level, I'll gladly wait it out for second half of 2015 and beyond.
As for selling my AAPL for Wynn, I will wait to hear if Tim Cook will raise the dividend payout. If not, I will sell 1/3 of my aapl position and gladly buy Wynn. Either way, I will buy Wynn.
Btw, what do AAPL and Wynn have in common? They both have the ability to print money!
From a TA perspective, Wynn must not break below 120-125. Pull up a 2 year chart and see.
Both stocks are at identical price. As a long time investor of AAPL, I am thinking of unloading some AAPL shares for WYNN. I think the risk vs reward is enticing. Plus, the dividend yield is a HUGE motivation to buy WYNN. Any further dip on WYNN and consider me LONG...